With our health care system still in chaos, a lot of people are worried about what will happen to their coverage – including small business owners and entrepreneurs. Well, if you’re one of these people, you may find some valuable insight on what various SMB owners are currently doing for health care. Take a look at our infographic to see what small business owners are doing in terms of their health coverage.

Every startup is different and has its own unique qualities. Whether it’s your team, service, or product, your startup is special in its own way. However, there are some similarities among startups. One of them is the necessity to sacrifice time and energy to developing your business. That being said, no founder can grow their startup without a proper team behind him/her. But how can you recruit the best talent to ensure that your team will make your startup prosper?

Well, here’s a hint: it’s not about recruiting the best team, it’s about growing one. If you’re like most startups with limited capital, you won’t be able to acquire the best talent in your market. However, that doesn’t mean you’ll never have a quality team behind you; it just means you have to offer more than just a salary for you to gain one.

Luckily, I will help you head in the right direction, even with your limited budget. Here are 3 ways to develop an all-star team to help you reach startup success.

When you think of startups, I bet you think of the popular companies that are raking in millions of dollars in revenue. From Uber to Tesla, startups have been a growing trend in today’s society. However, not all startups are successful, and not all of them are able to obtain quality investors to support them. For those without any investors, you’re looking at a lower budget and a larger workload.

Retirement planning can be a tedious task, and many people choose to avoid saving for retirement early in their career. They tend to wait until they are more financially stable before opening an IRA or funding their 401k; however, if you wait too long, you may not be able to retire comfortably. This is especially true for entrepreneurs, startup founders, and small business owners.

Business owners state a variety of reasons for why they don’t start saving for retirement. A lot of these reasons are untrue and are considered “retirement myths”. These myths play a large role in why they tend to avoid planning for retirement early on.

So what are some of these retirement myths?

Well, here are the 4 most common entrepreneurial retirement myths that many people believe are reasonable excuses to hold off on their retirement plans.

Let’s face it, failure sucks. No one wants to pursue a goal and come up short. That being said, failing at something is inevitable and everyone faces it sometime in their lives.

This is especially true for entrepreneurs who try to start their own business. Hence, an entrepreneur’s journey is never easy, and failure lingers at every corner. Even the most accomplished entrepreneurs have failed at some point in their career before reaching success. Failure should never be the end of the road, and it should be utilized as a tool for prosperity.

ACA open enrollment has just begun, and people across the nation are trying to find coverage for next year. The ACA has been on everyone’s minds as people are facing premium increases that are damaging their budget. Also, it doesn’t help that large insurers have left the exchange, which leaves people uninsured until they find another coverage. That said, the ACA hasn’t received much attention for some of its other changes. These changes relate to the ACA regulations, which greatly influence small business owners and entrepreneurs. Therefore, here are some of the ACA adjustments that employers must know to keep their business running smoothly. Continue reading →

With higher premiums and insurance carriers leaving the ACA exchange, some people are frustrated with their health care costs. The volatile insurance market has greatly affected businesses that offer benefits and those that planned on offering employee benefits. Large corporations may be able to cope with the changing health care rates, but many small business owners and entrepreneurs are suffering from them.

For that reason, we wanted to share the different plans that small to mid-sized businesses can utilize to cut their health care costs. Hence, we analyzed the three common health plans that businesses use to offer employee benefits: the fully insured (fully-funded) health plan, the self-insured (self-funded) health plan, and the level funded health plan.